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re: President Trump Orders Oil Companies to Cut Gas Prices, Targets Chevron CEO

Posted on 8/3/26 at 3:34 pm to
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
38347 posts
Posted on 8/3/26 at 3:34 pm to
Jacked up on speed or posting in an Ambien stupor
Posted by dgnx6
Member since Feb 2006
91391 posts
Posted on 8/3/26 at 3:42 pm to
quote:

Too bad he can't do that. At all.


Well I had to go to the source to see what people are crying about.


quote:

Mike Wirth, Chairman and CEO of Chevron, just gave, in an interview with the fabulous Maria Bartiromo, all of the reasons that his company is doing so well. The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the Trump Administration, the Oil Industry, and our Country itself, would be DEAD! As an example, they threw Mike and Chevron out of Venezuela, but now they’re back, far bigger and stronger than ever before, expecting to make a fortune! That goes for other Oil Companies as well…and get your consumer (retail!) Oil Prices DOWN, NOW! Thank you for your attention to this matter. President DJT



And like clockwork, the men on here cry like fricking women.





Posted by Sweep Da Leg
Member since Sep 2013
4548 posts
Posted on 8/3/26 at 3:46 pm to
What a disingenuous article title. He didn’t order shot as he can’t do that.
But he’s also not wrong.
When oil goes up, gas stations immediately raise prices even though they’re still on the tank they paid less for.
When prices come down they take quite some time to follow suit.
It’s always been this way
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41801 posts
Posted on 8/3/26 at 3:46 pm to
quote:

The only thing he conveniently forgot to mention is that, without the genius, foresight, strength, and stability, of the Trump Administration, the Oil Industry, and our Country itself, would be DEAD!


You didn't build that!!!
Posted by ragincajun03
Member since Nov 2007
29791 posts
Posted on 8/3/26 at 3:51 pm to
quote:

But he’s also not wrong.
When oil goes up, gas stations immediately raise prices even though they’re still on the tank they paid less for.


Except he IS wrong to go after oil & gas operators and make them out to be the bad guys. Chevron ain’t setting the prices at your Stripes and Buccee’s.

So either he himself is ignorant on this subject and just rambling like senile Biden, or he does know better but it putting out disingenuousness shite to the low IQ portion of his base.
Posted by Byron Bojangles III
Member since Nov 2012
52758 posts
Posted on 8/3/26 at 3:56 pm to
that's pretty socialist and not very capitalistic of him
Posted by I-59 Tiger
Vestavia Hills, AL
Member since Sep 2003
36943 posts
Posted on 8/3/26 at 4:11 pm to
quote:

When oil goes up, gas stations immediately raise prices even though they’re still on the tank they paid less for.
When prices come down they take quite some time to follow suit.
It’s always been this way


I don't necessarily disagree with you but it's a lot more complicated than that. Oil,Natural Gas, gasoline, diesel, etc are all HEAVILY traded on the NYMEX Futures market. You're not going to get a lot of brokers to just take one for the team. Wirth has to answer to shareholders. He can't just tell people to sell for "X." In Spring 2020 when Covid was keeping people off the road gasoline, and other energy futures, tanked. Some units were sold in the negative just to clear positions.

Energy futures market is huge and complicated. Trump HAS to know that. You've got people looking at charts and such predicting "up" or "down" at a target $ if a line on a chart gets to a certain level.

It certainly would be nice if gasoline prices went down, but Mike Wirth telling futures brokers, pretty please sell your positions isn't going to happen.
Posted by dgnx6
Member since Feb 2006
91391 posts
Posted on 8/3/26 at 4:14 pm to
quote:

You didn't build that!!!



I mean can you be any more of a disingenuous person?


I guess you were a fan of the highest gas prices ever recorded under I'm going to end fossil fuels Biden.



Posted by dgnx6
Member since Feb 2006
91391 posts
Posted on 8/3/26 at 4:16 pm to
quote:

that's pretty socialist and not very capitalistic of him



Socialism would be the government taking over Chevron.


Like what happened in venezuela.

Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41801 posts
Posted on 8/3/26 at 4:22 pm to
quote:

I guess you were a fan of the highest gas prices ever recorded under I'm going to end fossil fuels Biden.




I'm not poor so I don't even notice gas prices tbh
Posted by Zgeo
Baja Oklahoma
Member since Jul 2021
4101 posts
Posted on 8/3/26 at 4:23 pm to
Trump doesn’t know oil is boom and bust…….happens in cycles…without the boom the oil won’t be there in the future… if it is just bust with no boom all oil is left in the ground……
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
3964 posts
Posted on 8/3/26 at 5:04 pm to
Just more dumb-assery from spray tan.

Strongly worded "truth" post incoming around 3 am tomorrow morning, followed by more ai images of himself with an alien or elvis trump.

Our idiot President ladies and gentlemen

The implosion continues.
This post was edited on 8/3/26 at 5:06 pm
Posted by ragincajun03
Member since Nov 2007
29791 posts
Posted on 8/3/26 at 5:10 pm to
quote:

"They're making too much money based on a shortage," Trump told reporters at the White House. "I don't like it."



quote:

"Chevron, too much money. ExxonMobil, too much money," Trump said. "They're going to give some of that back to the public and they better cut the retail price, the consumer price."


LINK

Sounds like Potato Biden and Jennifer Granholm are back in the White House.
Posted by frogtown
Member since Aug 2017
5999 posts
Posted on 8/3/26 at 5:24 pm to
quote:
"Chevron, too much money. ExxonMobil, too much money," Trump said. "They're going to give some of that back to the public and they better cut the retail price, the consumer price."

This is socialism fwiw.
This post was edited on 8/3/26 at 5:30 pm
Posted by DeBoar
Member since Jan 2024
3923 posts
Posted on 8/3/26 at 5:26 pm to
quote:

This will make people who buy premium at Costo happy.




No it won’t he will find something to complain about tomorrow at 4 am
Posted by Lsut81
Member since Jun 2005
85783 posts
Posted on 8/3/26 at 5:28 pm to
Dude is such a bitch at this point…

The first year of his second term was rocking and rolling, the last 6 months has been a clusterfrick and now, as usual, he tries to blame everyone but himself. Yes, prices go up faster than they come down, but they were sub $3 natl average before your Iran bullshite you can’t get yourself out of. You did this and nobody else.

Dude has 0 humility.
Posted by DeBoar
Member since Jan 2024
3923 posts
Posted on 8/3/26 at 5:34 pm to
quote:

Dude is such a bitch


Dude got shot and charged many times and still ran for president. Some of you are a tad dramatic.
Posted by Lou Pai
Member since Dec 2014
29643 posts
Posted on 8/3/26 at 5:35 pm to
This is bad
Posted by PorkSammich
North FL
Member since Sep 2013
17906 posts
Posted on 8/3/26 at 5:42 pm to
quote:

This is socialism fwiw.


Trump sounds like Obama in 2011:

quote:

In a bid to deflect voters' anger, Obama has called for an end to tax breaks for oil and gas companies, opened a probe of market speculators and urged world producers to raise output.
Posted by NIH
Member since Aug 2008
124677 posts
Posted on 8/3/26 at 5:45 pm to
It’s not if you’re a true patriot
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